Those who move will reportedly receive a RMB 30,000 bonus and other perks.
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Posted inTurf Wars
Briefing: Xiaomi overtakes Apple as top seller of wearable devices
Xiaomi shipped 6.9 million units in the third quarter of 2018, well ahead of its competitors.
Posted inOn the Cusp
Briefing: Xiaomi puts younger executives in leadership positions
For Chinese tech firms, the company culture has been more about the personal identity of the CEO.
Posted inHeavy Hitters
Xiaomi shares drops below IPO price again
小米再度破发 “翻倍”将成泡影？ – 上海证券报 What happened: Shares of Chinese smartphone maker Xiaomi dropped below HK$16.8 issue price during an intraday trade on August 2. Xiaomi went public in Hong Kong on July 9, and its shares jumped below the issue price on the IPO day. Lei Jun, CEO of the company, once promised investors who bought […]
Posted inHeavy Hitters
Xiaomi shares slide more than 40% since its peak
Xiaomi sold 6 million units of its Mi 8 since June but even that hasn’t stopped its shares from sliding.
Posted inHeavy Hitters
Briefing: Xiaomi unveils new smartphone model, expects shipments to hit 100 million by the end of October
The new MIX 3 is Xiaomi’s most expensive and advanced model so far.
Posted inTurf Wars
Xiaomi sets eyes on rural India, plans to open 5000 Mi Stores by the end of 2019
Xiaomi has set up 500 Mi Stores in rural parts of the country.
Posted inOn the Cusp
After Huami, another Xiaomi partner IPOs within one year
Much like with Huami, one concern for the market is Viomi’s dependence on Xiaomi.
Posted inOn the Cusp
Briefing: Finance ministry accuses Xiaomi, Suning of tax evasion
MOF highlights accounting problems among internet companies, pointing to a possible a tightening taxation policy.
Posted inHeavy Hitters
Patent suits pile on before Xiaomi IPO
Chinese smartphone maker Xiaomi hit yet another roadblock ahead of its blockbuster IPO. An individual named Yuan Gongyi (袁弓夷) is suing the company for infringing on his patent, asking for an indemnity of RMB 50 million ($7.5 million), local media is reporting. According to Yuan, the Chinese patent ZL00800381.5, named Common Packet Channel, has been […]
